DXC Technology Stock Drops On Q4 Results, FY25 Outlook: Here's Why
Portfolio Pulse from Erica Kollmann
DXC Technology's stock dropped significantly after reporting Q4 results that beat earnings and sales estimates but showed a year-over-year decline in revenue and cash flow. The FY25 outlook also fell short of analyst expectations.
May 16, 2024 | 8:57 pm
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DXC Technology reported Q4 earnings that beat estimates but showed a decline in revenue and cash flow. The FY25 outlook also missed analyst expectations, leading to an 18.86% drop in share price after-hours.
Despite beating Q4 earnings and sales estimates, the year-over-year decline in revenue and cash flow, coupled with a disappointing FY25 outlook, has led to a significant drop in DXC's share price.
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